Tyson Foods profit falls as plant fires hurt production

Image courtesy of Tyson Foods

Finally, Allianz Asset Management AG raised its stake in shares of Tyson Foods by 11.7% in the fourth quarter. The Kingdon Capital Management Llc holds 652,655 shares with $40.26M value, up from 223,309 last quarter. Quantbot Technologies LP purchased a new position in shares of Tyson Foods during the third quarter worth $763,000. The Forward Management Llc holds 361,649 shares with $5.00M value, down from 443,515 last quarter.

During the second quarter of the year, Tyson Foods, Inc. reported operating income of $571 million.

Tyson Foods, Inc. shares fell $1.17 (-1.85%) in premarket trading Monday. Baird Financial Group Inc. now owns 104,816 shares of the company's stock valued at $6,465,000 after buying an additional 27,089 shares during the last quarter.

Several analysts have recently weighed in on the stock. The company's institutional ownership is monitored at 95.4 percent. Zacks Investment Research upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating and set a $72.00 price objective on the stock in a research report on Thursday, April 27th. (NYSE:TSN) by 24.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

Looking ahead, TSN reaffirmed its full-year EPS guidance of $4.90 to $5.05, which is in-line with the Wall Street consensus of $5.02. The stock touched 52-week High of $76.48 on 09/06/16 and 52-week Low of $55.31 on 11/21/16. We have $57.80 PT which if reached, will make NYSE:TSN worth $641.70 million less. About 62,357 shares traded.

The Stock had a 1.8 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.67 and 1.57 respectively. The company has a market cap of $21.75 billion, a P/E ratio of 11.95 and a beta of 0.17. (NYSE:TSN) stock may see increased volatility following the report.

The share price of the company (NYSE:TSN) was up +0.57% during the last trading session, with a high of 63.68 and the volume of Tyson Foods, Inc. shares traded was 2772790. The company's net profit margin has achieved the current level of 5.1 percent and possesses 13.5 percent gross margin.

Jefferies analysts said in a note that after adjusting for charges related to chicken plant fires, second-quarter fiscal 2017 results were "better than feared". During the same period previous year, the firm posted $1.15 EPS. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods, Inc. with MarketBeat.com's FREE daily email newsletter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Ubs Oconnor Ltd Liability invested in 170,000 shares or 0% of the stock. The ex-dividend date is Tuesday, May 30th. This represents a $0.90 annualized dividend and a yield of 1.38%. Tyson Foods's dividend payout ratio is now 12.07%. The stock gained 0.57% in total of its share price.

Dividend History for Tyson Foods, Inc.

05/12/2016 - Tyson Foods, Inc. had its "buy" rating reiterated by analysts at Goldman Sachs.

11/21/2016 - Tyson Foods, Inc. had its "sell" rating reiterated by analysts at Pivotal Research. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.65% of the company's stock.

Among 8 analysts covering Tyson Foods Inc. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.

The U.S. chicken sector, which is dominated by Tyson and a few other large companies, has come under increased scrutiny over the past year as customers and farmers have alleged antitrust violations relating to pricing, production and compensation. It is positive, as 18 investors sold GK shares while 49 reduced holdings.

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